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SAVE International Value Methodology Associate Sample Questions:

1. A Random Function Identification table contains:

A) Elements, functions, and classifications
B) Inputs, objectives, and sequence
C) Costs, time, and risks
D) Components, resources, and criteria

2. Which are the three main characteristics of the Value Methodology?

A) Systematic process, function analysis, CVS
B) Systematic process, multidisciplinary team, qualified VM facilitator
C) Multidisciplinary team, cost reduction, function improvement
D) Function Analysis, brainstorming, teamwork

3. In SWOT analysis:

A) Strengths and opportunities are internal attributes.
B) Threats and strengths are harmful attributes.
C) Strengths and weaknesses are helpful attributes.
D) Opportunities and threats are external attributes.

4. Function E is the:

A) Higher Order Function
B) Basic Function
C) Secondary Function
D) Required Secondary Function

5. Which of the following is the risk response strategy for opportunities that seek to increase the probability of an opportunity occurring and/or the magnitude of results being beneficial?

A) Mitigate
B) Enhance
C) Exploit
D) Share

Solutions: